Obama Says U.S. Economy Showing ‘Return to Normalcy’

President Barack Obama told his board of outside economic advisers that the U.S. economy is showing “some return to normalcy” and developing alternative energy […]

Australia’s Wages Growth Slows to 0.8% Amid Recession

Australian wages growth slowed last quarter as the nation’s first recession in two decades prompted businesses to reduce operations and cut employees.
Hourly pay […]

Huntsman Seen as Effective as China Relations Evolves(Update1)

Jon Huntsman, President Barack Obama’s nominee to be U.S. ambassador to China, will be an effective envoy charged with helping manage an increasingly complex […]

Hackers launch Facebook phishing attack

Hackers launched an attack on Facebook’s 200 million users Thursday, successfully gathering passwords from some of them in the latest campaign to prey on […]

Norway Raises Spending to Fight Recession, Cuts GDP Outlook

Norway’s government will raise spending, adding to the country’s biggest stimulus package in more than 30 years, to jolt the oil-driven economy out of […]

Indonesia, Philippines Expect Room for More Interest-Rate Cuts

Indonesia and the Philippines still have room to cut their benchmark interest rates to shore up their economies as inflation eases amid the global […]

Australia’s Budget May Prompt Rate Cuts, Credit Suisse Says

Australian Prime Minister Kevin Rudd’s plan to boost spending on infrastructure won’t offset waning business investment and may prompt the central bank to cut […]

NY Fed chair quits over Goldman role

The chairman of the Federal Reserve Bank of New York resigned Thursday, days after coming under attack for his continuing involvement in a company […]

ECB’s Lack of Bond Detail May Distort Market, Barclays Says

The European Central Bank’s refusal to outline its plans to buy covered bonds will hamper the market for the securities until more details are […]

Gulf States to Keep 2010 Currency Goal, Qatar Says

Five Gulf Arab countries seeking to adopt a euro-style single currency are sticking to next year’s deadline for monetary union, Qatar’s central bank governor […]